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Otter.ai secured $320 million in non-equity financing from General Catalyst's Customer Value Fund to expand its enterprise business. The company previously raised $50 million total and passed $100 million in annual recurring revenue last year. Otter now serves 40 million users, up from 25 million, while testing new AI features.
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TechCrunch leads with the specific investment amount while The Next Web emphasizes the intended enterprise growth strategy.
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